8990 tops Pag-IBIG?s loan takeouts

Mass housing builder 8990 Holdings Inc., posted the highest growth rate last year in terms of take out value and serving the most Pag-IBIG members.

In a disclosure to the stock exchange, 8990 said it bagged three awards including number one property developer in terms of take-out value, according to the Home Development Mutual Fund (HDMF) or Pag-IBIG.

The property firm?s total HDMF take out surged 116 percent to P5.52 billion.

?I am very grateful to all our buyers for the trust they have shown us over the years. The recognition we received would not have been possible had it not been for them and the support of the HDMF,? said company president Willie Uy.

?The affordable housing industry is very fortunate to be partnered with HDMF. It is with this partnership that makes it possible to bridge the housing gap by making home financing very accessible to every working Filipino?, he added.